Anew employee has been given responsibility for preparing the consolidated financial statements of sample company. after attempting to work alone for some time, the employee seeks assistance in gaining a better overall understanding of the way in which the consolidation process works. you have been asked to assist in explaining the consolidation process. the employee is asking you to respond to the following questions. provide full explanations and use examples to support your work. why must the eliminating entries be entered in the consolidation worksheet each time consolidated statements are prepared? how is the beginning-of-period non-controlling interest balance determined? how is the end-of-period non-controlling interest balance determined? provide an example. which of the subsidiary’s account balances must always be eliminated? why? which of the parent company’s account balances must always be eliminated? why?

The link between volume of production and the cost of building manufacturing operations is particularly important in industries characterized byanswers: process innovations.product manufacturing.product innovation.process manufacturing.

The production manager of rordan corporation has submitted the following quarterly production forecast for the upcoming fiscal year: 1st quarter 2nd quarter 3rd quarter 4th quarter units to be produced 10,800 8,500 7,100 11,200 each unit requires 0.25 direct labor-hours, and direct laborers are paid $20.00 per hour. required: 1. prepare the company’s direct labor budget for the upcoming fiscal year. assume that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. 2. prepare the company’s direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is not adjusted each quarter. instead, assume that the company’s direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 2,500 hours of work each quarter. if the number of required direct labor-hours is less than this number, the workers are paid for 2,500 hours anyway. any hours worked in excess of 2,500 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor.

According to management education expert ashok rao, companies can increase their profitability by through careful inventory management. a. 5% to 10% b. 10% to 25% c. 20% to 50% d. 75%